pg. 1-2
"Despite the low risk of modern slavery or human trafficking taking place within our supply chains, Vanguard is committed to developing initiatives to prevent this. We follow an established procurement policy and vendor oversight programme which defines the processes for procuring goods and services from external vendors. These processes apply to all Crew and are designed to ensure that procurement is carried out in a manner that:
- mitigates legal, business, and financial risks associated with vendor contracts;
- ensures the highest standards of ethical and business conduct between crew members and vendors; and
- instils shareholder, vendor, and public confidence in Vanguard and its subsidiaries.
In contracts with suppliers providing contractors and other personnel to us, Vanguard requires that they comply with all applicable laws relating to or affecting the work to be performed by that supplier, including all rules and regulations related to equal employment opportunity and immigration, and that the supplier will obtain and maintain all permits, visas, licenses, and consents required in connection therewith.
The review of procurement processes is continual to ensure that Vanguard’s due diligence of material suppliers remains fit for purpose and that contractual provisions cover all applicable anti-slavery and human trafficking laws."
pg. 2
"In addition, an assessment has been undertaken of the statements made by key suppliers pursuant to Section 54 of the Modern Slavery Act 2015 to analyse and interrogate the detail contained. This review process will be built out in the future to encompass more suppliers."